Syre, a textile impact company decarbonizing and dewasting the industry through textile-to-textile recycling at hyperscale, just raised $100 million for its first Giga scale plants.
It’s inspiring to see some of the most ambitious investors (TPG Rise Climate which was joined by additional investment from founder H&M Group, Giant Ventures, IMAS Foundation-Ikea’s store operation manager, Norrsken VC-EU’s impact investor and Volvo Cars) have joined the funding to drive the green transition of textile industry.
The funding round will finance the construction of the blueprint plant in the U.S., which will be up and running later this year, as well as preparations to establish the company’s first two Giga scale textile-to-textile recycling plants. This equity funding further allowed Syre to fully acquire the patented technology that is the centerpiece of the company’s textile-to-textile recycling solution.
It was developed for nine years and compared with 20+ polyester recycling technologies worldwide.
Syre, founded just last year, has a big ambition to exponentially roll out this unique technology and accelerate the decarbonization in the textile industry.
Looking forward to seeing more good news and actions! đź’š


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16 w
Annually, the world produces approximately 92 million tons of textile waste. The textile industry is also a major contributor of plastic waste, ranking second after the packaging sector with 42 million tons of plastic waste generated per year. This is a great milestone.
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18 w
This is exactly the kind of innovation we need in the fashion industry. $100 million to Syre for textile-to-textile recycling at scale is HUGE.
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18 w
A great investment indeed
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18 w
This is a great investment!! This initiative has the potential to drive innovation and systemic change in textile production and waste management practices.
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18 w
this is a great move,